Palm Hills Developments sales grow 20% YoY to record EGP 14.9bn in FY2019
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The Loan is segregated into Tranches A and B, with maturity of five and four years respectively, complemented by a grace period of five months.
Securitisation, discounting transactions of gross receivables portfolio of EGP 1bn during Q4 of 2019
Palm Hills Developments (PHD) and Sarwa Capital (Sarwa) announce the closing of the latest issue of securitisation bond for PHD, backed by the receivables portfolio’s net present value which stood at EGP 609m, after applying a discount rate of 16.04% on the gross receivables portfolio of EGP 760m, calculated based on the average coupon of …
Video by Asmaa Gamal Editing by Omar Korashi
Protesters demand employment in Ministry of Higher Education
Revenue of the project is estimated to range between EGP 700m and EGP 800m
PHD posted a 9% rise in first-quarter net profit to EGP 49.7m ($7m) versus a year earlier.
By Mohammed Ali Ibrahim Once upon a time I wrote in Algoumhoria newspaper that we don’t need another Mahathir Mohammad here to score an economic miracle like that of Malaysia. Rather we need the Malaysian people who achieved that leap into the future. The occasion of the aforementioned article was the visit of the Malaysian prime minister …